Instagram has left us IPO nerds feel beaten. End of last week, Reuters reported that the American grocery delivery and technology company is likely to postpone its IPO until next year. The acclaimed start-up was poised to become the most spectacular public offering of the year in the United States, but now it looks like we’ll be seeing the implications of the IPO reception for at least a few more months.

Instacart’s IPO is remarkable, not only because of its own company history. The company raised massive amounts of money, grew massively during the pandemic and is in the midst of expanding into advertising and software. The IPO would also become a critical affair for other, yet private, unicorns, as it would have provided an indication of how the public market felt about at least one of their peers.

Unfortunately, we are likely to be deprived of any new unicorn liquidity information for the remainder of calendar 2022. While disappointing, this turn of events does teach us a few things. (Instacart declined to comment on IPO timing, but did reveal some juicy Q3 performance info – details below.)

The Exchange explores startups, markets and money.

Read it every morning on australiabusinessblog.com+ or get The Exchange’s newsletter every Saturday.

Remember that Instacart has a . got new, lower 409a (internal) rating earlier this month. So we see the company delaying its IPO despite what we might consider a lower hurdle, at least in terms of pricing.